Chaim Schwartz Purchases Jersey City Multifamily From Heba Bullock For $725,000
SOLD
New Jersey
See Similar DealsMultiFamily2,000 SF
Sold 11/14/2024
SOLD
Chaim Schwartz Purchases Jersey City Multifamily From Heba Bullock For $725,000
22 Storms Avenue
See Similar DealsMultiFamily2,000 SF
Sold 11/14/2024
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$362
Total Square Footage:2,000 SF
Transaction Type:Sale
A 4-unit multifamily property located at 22 Storms Avenue in Jersey City was sold for $725,000. The property covers a total area of 2,000 square feet, providing a price per unit of $181,250 and a price per square foot of $362.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $725,000
- Units: 4
- Square Footage: 2,000
- Price Per Unit: $181,250
- Price Per Square Foot: $362
- Buyer: Chaim Schwartz
- Seller: Heba Bullock
- Brokers: Yanni Marmarou & Griffin Westlin - Investment Property Realty Group (IPRG)
The deal involved an investor purchasing the vacant 4-unit property. For further details, reach out to [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$38,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,575.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,436.87
Annual Debt Service$41,242.44
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